C000131802 Fees and Costs — Multi-Manager Emerging Markets Debt Opportunity Fund
Data updated: 2024-02-26
The net expense ratio is 0.89% (1.06% before fee waivers). This share class carries a redemption fee of 2.00%. Portfolio turnover was 120%.
C000131802 Fees and Expenses
Annual operating expenses and sales charges of C000131802. Prospectus, as of July 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.19% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.17% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000131802 Costs Over Time
On $10,000 invested in C000131802, assuming 5% a year before costs, total costs come to $558 over 5 years, cutting the return by 0.93% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.89%) | $93 | $292 | $507 |
| Lost growth on money paid in costs | $0 | $14 | $51 |
| Total costs | $93 | $306 | $558 |
| Value after costs | $10,407 | $11,270 | $12,205 |
| Impact on return, per year | 0.93% | 0.93% | 0.93% |
C000131802 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $472.0M
- Portfolio turnover (prospectus): 120%
- Securities lending: none during the year
C000131802 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Northern Institutional U.S. Government Portfolio | $300.5M | 83.32% |
| JPMorgan Chase Bank, National Associatio | $8.1M | 2.24% |
| BNP PARIBAS FINANCE LIMITED | $7.7M | 2.13% |
| JEFFERIES LLC. | $7.6M | 2.10% |
| HSBC BANK PLC | $7.3M | 2.02% |
| STANDARD CHARTERED BANK | $6.8M | 1.88% |
| Citigroup Global Markets Inc. | $6.3M | 1.75% |
| THE HONGKONG AND SHANGHAI BANKING CORP. | $6.2M | 1.71% |
| DEUTSCHE BANK AKTIENGESELLSCHAFT | $5.2M | 1.44% |
| J.P.MORGAN AG | $5.1M | 1.41% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.